NFL fans may have been waiting for a long time to bet on their favorite teams. This year, they will have an opportunity to do so if the league signs an official betting deal with three sportsbooks. This deal grants the sportsbooks access to official league data, and allows them to promote their brand names and link them to statistics. The multiyear deal will pay the NFL nearly $1 billion over the next five years, and it is possible to opt out at any time.
The NFL is aggressively partnering with gambling operators to expand their revenue streams. Using content relating to sports betting has boosted the broadcast experience and brought gambling into the stadium itself. In April, the NFL announced that DraftKings, FanDuel, and Caesars would become official sports betting partners. The league expects to earn $270 million this year from the partnerships. The NFL isn’t the only sports league making big money off gambling.
There are other advantages to becoming an authorized sports betting operator. The Tennessee Lottery has approved 12 betting apps for state use. At this time, nine have launched in the state. In addition, the NBA has also partnered with Genius Sports and Sportradar to share its league data with the industry. This deal should help the entire industry grow. It’s the right choice for fans. So, make sure to try these sports betting apps out today!